REDEMPTION OF OWN SHARES IN ACERINOX : 1,41% CAPITAL REDUCTION

Among all the proposals of agreements for ACERINOX Shareholders Meeting, which will take place on the 9th June it is to be highlighted the redemption of 3,700,000 shares, which are at present part of the society treasury stock (equivalent to 1.406% of the Share Capital). The aim of this measure is to increase the value of the shareholders’ equity...

Among all the proposals of agreements for ACERINOX Shareholders Meeting, which will take place on the 9th June it is to be highlighted the redemption of 3,700,000 shares, which are at present part of the society treasury stock (equivalent to 1.406% of the Share Capital). The aim of this measure is to increase the value of the shareholders’ equity..

Likewise, it will be proposed to share out a final dividend of 0.12 € gross per share on the 11th July. Should it be endorsed, the total retribution (dividend + return issue premium) shared out by the company debited to Year 2004 amounts to 0.34 € per share, that is, 19.3% higher than the dividend shared out in the previous year.